“Last Week” Blog

Adam Sarhan says dovish news from the treasury and the fed along with a softening jobs report are “bullish catalysts” that are changing the market conditions. Last week the QQQ saw two follow-through days in a row, and now Adam is watching for a consolidation as he takes a more offensive trading posture.

With macroeconomic headwinds and bearish signs, the market has entered a volatile period. Adam Sarhan says most A.M.P.D. traders are in cash and on the sidelines — but they are paying attention to market conditions so they know when to get back into the action. Waiting is watching.

Heavy selling erased the gains made during the recent rally attempt and then some. Most A.M.P.D. traders have been stopped out of their long positions, and Adam explains the tactic of preserving mental and physical capital and waiting for the next rally attempt — which may take a while given current market conditions.

Last week in the market, two days of heavy selling — distribution days, Adam calls them — threatened to end the recent rally attempt. Adam, however, remains cautiously optimistic but warns it is critical to know when to switch from offense to defense.

Last Friday was a good day on the market, and it was followed on Saturday by the bad news of war in Israel. Adam discusses how tragic global events affect markets and what it means for A.M.P.D. traders.

Adam Sarhan looks back on the widespread losses of Q3. While there are some reasons to hope Q4 will be better, the macroeconomic indicators are foreboding, and Adam talks about “trading windows” and respecting risk while watching for market conditions to improve.

Last week, we saw the steepest across-the-board sell-off this calendar year, and all the major indices — except the Nasdaq-100 — broke down below support. While the market is exhibiting bearish behavior, Adam Sarhan says there are reasons to believe it could rebound in Q4, and if it does, he is curating a new watchlist…

Last week in the market we saw a nice up day on Thursday followed by lots of selling on Friday. Despite being down for the week, the major indices are still trading between support and resistance, and for A.M.P.D. traders, it is still time for “sitting tight” — as legendary trader Jesse Livermore said.

The market is forming a new base with new levels of support and resistance. In this episode, Adam Sarhan talks about the levels to watch and explains why A.M.P.D. traders need to be extra alert for opportunities in times of “boring” sideways action in the market.

Although September was the first down month in the market since February, it bottomed out on August 18 and closed the month in the top half of its range. On a monthly chart, the QQQ is forming the “handle” of a cup and handle pattern. Adam explains what that means and why it could be…